DXP, ITT Goulds Pumps End Distributor Agreements

DXP accepts immediate termination request ITT Goulds Pumps submitted in September.

DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, and ITT Goulds Pumps, Seneca Falls, NY, have terminated their distributor agreements. ITT Goulds notified DXP in September of the immediate termination, and DXP accepted in late October.

“DXP decided to accept Goulds’ immediate termination," said DXP CEO David Little. "Goulds’ non-compete requirements … did not allow DXP to service all our existing customers. Despite Goulds’ persistence to cancel DXP after 30-plus years of building customer trust and relationships, it became necessary to accept Goulds’ desire for immediate termination."

The companies' distributor agreements stem from DXP’s acquisition of businesses such as RA Mueller, Quadna, Austin & Denholm, Alaska Pump & Supply and SEPCO, according to DXP.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.